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| Chemicals giant Ineos buys Swiss football team | Chemicals giant Ineos buys Swiss football team |
| (35 minutes later) | |
| First it was biker wear, now Jim Ratcliffe - the billionaire owner of multinational petrochemicals giant Ineos - has added a football team to his collection of esoteric buys. | First it was biker wear, now Jim Ratcliffe - the billionaire owner of multinational petrochemicals giant Ineos - has added a football team to his collection of esoteric buys. |
| The sale of FC Lausanne-Sport to Ineos was confirmed at a media conference on Monday afternoon. | The sale of FC Lausanne-Sport to Ineos was confirmed at a media conference on Monday afternoon. |
| It has won the league seven times, the last in 1965, and the cup nine times. | It has won the league seven times, the last in 1965, and the cup nine times. |
| Ineos snapped up motorcycle wear firm Belstaff last month after it was put up for sale by JAB Holdings. | Ineos snapped up motorcycle wear firm Belstaff last month after it was put up for sale by JAB Holdings. |
| Historic club | Historic club |
| The football purchase was announced at Ineos's offices in Rolle, Switzerland. Club president Alain Joseph has been seeking a buyer for several months. | The football purchase was announced at Ineos's offices in Rolle, Switzerland. Club president Alain Joseph has been seeking a buyer for several months. |
| David Thompson, chief executive of Ineos Football SA, said: "Ineos is excited about taking this major step into top-class football as part of our wider commitment to encourage youth sport in Lausanne and Canton Vaud. | |
| "We hope and expect that this new investment in the team will take Football Club Lausanne-Sport forward to further success, and we see no reason why this could not mean playing in Europe." | "We hope and expect that this new investment in the team will take Football Club Lausanne-Sport forward to further success, and we see no reason why this could not mean playing in Europe." |
| The club last played in European football in the 2010-11 Europa League. | The club last played in European football in the 2010-11 Europa League. |
| Founded in 1896, Lausanne-Sport plays at the Stade Olympique de la Pontaise - a 15,700 seat stadium that was used for the 1954 World Cup. | Founded in 1896, Lausanne-Sport plays at the Stade Olympique de la Pontaise - a 15,700 seat stadium that was used for the 1954 World Cup. |
| In recent years it has had a topsy-turvy existence, with a number of relegations and promotions, and currently plays in the top-tier Swiss Super League. | In recent years it has had a topsy-turvy existence, with a number of relegations and promotions, and currently plays in the top-tier Swiss Super League. |
| The team is currently sixth in the Swiss Super League, and Ineos has given its "full backing" to manager Fabio Celestini and his coaching staff. | The team is currently sixth in the Swiss Super League, and Ineos has given its "full backing" to manager Fabio Celestini and his coaching staff. |
| Alain Joseph said Ineos had the ambition and drive to take the club to the next sporting level. | Alain Joseph said Ineos had the ambition and drive to take the club to the next sporting level. |
| Ineos was founded by Mr Ratcliffe nearly 20 years ago, and employs about 17,000 people worldwide. | Ineos was founded by Mr Ratcliffe nearly 20 years ago, and employs about 17,000 people worldwide. |
| In 2010 Ineos Capital - the firm's parent company - moved its headquarters and tax residence from the UK to Lausanne, but moved back to London again last year. | In 2010 Ineos Capital - the firm's parent company - moved its headquarters and tax residence from the UK to Lausanne, but moved back to London again last year. |
| in 2010-11 season Ineos also became a sponsor of Lausanne ice hockey club. | in 2010-11 season Ineos also became a sponsor of Lausanne ice hockey club. |